The Global Pharmacy Management System Market is projected to reach $1, 27,480.76 million by 2028, from a value of $59,630.64 million in 2022, by registering a CAGR of 13.5% during the forecast period. The growing number of pharmacies in & the healthcare IT industry, and improvements in healthcare infrastructure are the major factors propelling the growth of the market. However, vendor lock-in’s high cost and system incompatibilities are hampering the market growth. Moreover, with advancements in technologies, the newly established pharmacies are incorporating smart management tools such as pharmacy management systems to simplify and sophisticate the distribution process, and government taking initiatives to better workflow in the pharmaceuticals are creating ample opportunities across the globe.
Recent Developments
In June 2022, CerTest Biotec collaborated with BD on the Molecular Diagnostic Test for Monkeypox. As part of the collaboration, the assay will leverage the BD MAX open system reagent suite to validate the CerTest VIASURE Monkeypox CE/IVD molecular test on the BD MAX System. The BD MAX System is a fully integrated, automated platform that performs nucleic acid extraction and real-time PCR, providing results for up to 24 samples across multiple syndromes in less than three hours.
In June 2022 – GE Healthcare intriduced cutting-edge molecular imaging solutions that enable and increase access to precision health and theranostics to help improve patient outcomes across care areas, including prostate cancer. Where most medical therapies are designed with the average patient in mind, theranostics combines diagnoses and treatment in one application, providing a more targeted and personalized therapy than ever before.
In May 2022 – ValGenesis and Zenovative Partner to Modernize and Digitize Validation and Compliance for Pharmaceutical Companies. By combining Zenovative’s expertise with ValGenesis’ validation lifecycle management software, pharmaceutical companies can implement their digitization plans in accordance with the standards of Industry 4.0.
Competitive Landscape
Talyst LLC, ScriptPro, Safecare Technology, Octal IT Solution LLP, Mobile MedSoft, MedHOK, McKesson Corporation, LS Retail, Liberty Software, Health Business Systems, GlobeMed Group, GE Healthcare Inc., Epicor Software, Datascan, Clanwilliam Health, Cerner Corporation, BD (Becton Dickinson and Co.), Allscripts are some of the major players in the Global Pharmacy Management System Market.
